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. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day. hundreds of thousands of small businesses are preparing for november 24, a day to open doors, and welcome the millions of customers who will turn out to shop small. small business saturday. visit shopsmall.com and get ready. because your day is coming. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good ba
. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day....
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i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager. now, has he been charged? no. here's the deal, the fund manager, worked for him, was a major fund manager at sac capital, one of their satellite divisions that dealt directly with cohen. i can't remember his name. liz: get the name right. >> help me out. get your producing team to get his name right. here's the thing, this guy says he's innocent. the real question is steve cohen. what is the future of steve cohen? and where is he? i can tell you in a major way cohen is being eyed by the federal investigators. he's been in the news a lot. we have a very interesting conversation, a deposition he gav
i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager....
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creeding to john boehner's authority, let be john boehner negotiate this deal. all speculation he will not get involved in the same level. certainly he will be briefed and make his opinions known but he's not going to try to tell john boehner you cannot get this through the conference. look at it from a broad perspective, from folks i've spoken to, eric cantor is thinking like this -- general belief and consensus is if the gop wants to get in 2014 that boehner will most likely walk away in 2016. if cantor can be a dutiful lieutenant until then he could until 2016 if the house republicans win with redistricting and the margins they have which looks possible, he could achieve his dream of becoming the first jewish speaker of the house. no reason to try to ascertain and go higher up like he did in 2011 which left a negative impression of him in a lot of folks' opinions. it's going to be interesting to see if he, in fact, does stay back and credes to boehner's authorities. from all the conversation that's what he seems to be doing. >> i love the mixed messages here.
creeding to john boehner's authority, let be john boehner negotiate this deal. all speculation he will not get involved in the same level. certainly he will be briefed and make his opinions known but he's not going to try to tell john boehner you cannot get this through the conference. look at it from a broad perspective, from folks i've spoken to, eric cantor is thinking like this -- general belief and consensus is if the gop wants to get in 2014 that boehner will most likely walk away in...
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i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the medicare and social security system. so, we have to do all of the above i think that's what we're working towards. >> all right. mark zandi, thank youcjç very m. hope that we get that resolved before january. appreciate it. >>> gaza, of course, one of the most densely populated areas in the world. neighbor to israel and egypt. territory home to palestinians and hamas. the violence there could spread throughout the middle east. we'll take a closer look at gaza as well as the region. they've been committed to putting clients first. helping generations through tough times.
i also think we'll get tax reform and that's what speaker boehner's talking. that is scaling back the deductions and credits in the tax code for higher income households and that would generate revenue and the combination of two things would i think get us to a place where we need to go where we generate revenue. at the end of the day if we solve the fiscal problems long run we need not only more tax revenue we also need more spending cuts and fair share of that has to come from reforms of the...
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even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever reason and say the taxes on the top 2%, the families making $250,000 above, that those are going up. what can they demand in return that they can get from the democrats? >> we need drastic spending reductions. we have to tackle the root cause of our problems which is entitlements. once and for all, we have to tackle entitlements. we can increase taxes without increasing the rates. we can talk about capital gains, the death tax. connell: by the way, why is that better for the normal person? they may be better off if the tax rate for the top people went up. i understand both may happen. >> because of a sur
even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever...
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house speaker boehner, corker, mccain and coburn have hint ed. >> i think those newly elected republicans are looking at the idea of pledges going into the congress and in serving as maybe a hindrance to governance. and you need to have everything considered on the table and i think the speaker's leadership in this regard will be very helpful to carving out that pathway that they're going to need, that he's going to need to strike a deal with the president. it doesn't mean that rates are going to go up but some level of taxes, whether it's through loophole closings are or whatever, the speaker considering he needs to have the leverage to have those things on the table and he can not have one arm tied hyped his back because of some pledge that was, you know, evoked by a member they ran ten years ago or certainly as we've seen new members saying, no, i think i want to govern and worry less about pledges. >> senator, grover norquist argues history would suggest otherwise, that history shows republ republicans have stood by no tax pledge, that this isn't the first time he's come to this rodeo
house speaker boehner, corker, mccain and coburn have hint ed. >> i think those newly elected republicans are looking at the idea of pledges going into the congress and in serving as maybe a hindrance to governance. and you need to have everything considered on the table and i think the speaker's leadership in this regard will be very helpful to carving out that pathway that they're going to need, that he's going to need to strike a deal with the president. it doesn't mean that rates are...
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what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty for businesses and individuals. the "wall street journal" had a report out yesterday saying there is so much uncertainty we could slip into another recession over this fiscal cliff. let's hope they can do their jobs for once. bill: you go find beckel, will you? >> it's not my turn to baby sit. we'll find him by 5:00. bill: it takes four you to baby sit him. to our viewers, have you got a question in e-mail us or on twitter @bill hemmer. this is coming up. we have dozens of house republicans formally opposing susan rice's nomination as secretary of
what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty...
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we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i also -- you can toss in there we had the downgrade of france even though s&p downgraded earlier this year and moodies did it this time. we'll see articles over the next tl three to four days and over the weekend with problems with the bailout facility when there's not enough aaa rated countries in there. you'll see more negative news out on that. >> good to speak with you. andy bush. for more currency trades, watch "money in motion." we're off this friday but back next friday. you can get your fix online. >> we are awaiting a speech from fed chairman ben bernanke later today. we'll have a preview and analysis
we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i...
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i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared. >> you are a simpson-bowles guy. >> the challenge is the president has drawn a line in the sand saying i want a pound of flesh period. don't get me a number. don't say a combination of spending cuts and a combination of discretionary of entitlement cuts and some tax increases. he's saying there's only one number. there's only one number. you got to give me that number. don't give me that number, the rest doesn't work. the problem is -- >> the country voted for him whether we like it or not. i like it he was re-elected. democrats picked up two seats in the senate. >> the country voted for him and they're goin
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared....
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boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and series spending restraint. -- serious spending restraint. one number that does not pittosporum is the cbo says if you grow at 4% a year -- congressional budget office -- they do static modeling. a whole bunch of things i think and this is the case for how important growth is and how to get it, but their number, if you grow 4% a year, reagan numbers, instead of 2% a year, france's last 20 years or obama's i point, you do that for a decade 2% additional growth, the federal government nets' $5 trillion more than it would have because more people working. if at this point from the bottom of recession, if obama
boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and...
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john boehner, for instance, wants to do entitlement reform and tax reform in 2013 now. and he wants to have another trigger mechanism to make sure they take place. we're essentially going to have this whole thing happen all over again. the white house is precondition has always been, well, we have to do something before this december 31st. and i have just from talking to people in the white house and democrats and some republicans, it seems pretty likely you're going to see some in tax increases by the end of this year. that's going to happen. they're not going to say, yeah, we'll call it a day. the question is, then, what kind of entitlement reforms you have. and i think the political article got it. there's been pretty bright red lines set around social security. democrats don't want to touch that. >> gene, another battle we're having right now has to do with possibility of susan rice being nominated as secretary of state. it's gotten ugly over the past couple of days. john mccain calling her unfit for office. what's your take? >> well, you know, you've got to -- well
john boehner, for instance, wants to do entitlement reform and tax reform in 2013 now. and he wants to have another trigger mechanism to make sure they take place. we're essentially going to have this whole thing happen all over again. the white house is precondition has always been, well, we have to do something before this december 31st. and i have just from talking to people in the white house and democrats and some republicans, it seems pretty likely you're going to see some in tax...
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we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally, hillary clinton is stepping down from her position as secretary of state. while we don't know how this will affect her potential 2016 presidential bid, we do know that this is what she would look like if her face were turned upside down. >> i think the president has done an excellent job under the most difficult circumstances. [ laughs ] ♪ >> jimmy: that was night news now. stick around, we'll be right back with zooey deschanel. [ cheers and applause ] ♪ woooah, what do you got there? berry pomegranate mio. berry pomegranate what? berry pomegranate mio. do i just squirt a little? or
we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally,...
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apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we have seen people talk about a possible compromise. is that something that's accepted? >> no. >> democrats aren't budging. the union breaks news on my radio show. >> how will you feel if the bush tax cuts expired across the board and we started over with the obama tax cuts? >> i think that would be acceptable. >> former labor secretary robert rush and bill pascrell on the latest movement on the fight for the middle class. >> a judge orders mediation for hostess and its employees. but make no mistake, the vulture capitalists will get their cut. i'll talk twinkie. >>> plus john mccain continues to spiral out of control over benghazi. >> the chickens are now coming home to roost. >> the banks revolt against elizabeth warren. >>> and workers are threatening strikes at walmart stores across america. >> we expect our associates to do their job. >> josh ed elson has the latest on the workers versus walmart. >>> good to have you with us. thanks for watching. democratic
apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we have seen people talk about a possible compromise. is that something that's accepted? >> no. >> democrats aren't budging. the union breaks news on my radio show. >> how will you feel if the bush tax cuts expired across the board and we started over with the obama tax cuts? >> i think that would be acceptable. >> former labor secretary robert rush and bill...
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people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican rty has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and the bottom line. you already see businesses maneuver and they are not going to hire more than 25 employees or work over 30 hours and this tax hike on over people who make under $50,000, the majority of those are small businesses. by the way, this is a big old news flash. 2%. 2.1% of the population makes 250. come on. tom: it is the same answer the president has given before. a lot of surveys lately, we understand, it won't fix the deficit. you think it is going to? no, but what is it for? it is because of fairness. >> that is what i want people to understand the president obama does not c
people did not put john boehner into office to equivocate and become a democrat like. tom: you're her the republican rty has to change. >> mitt romney moves to the middle on a lot of issues and it got him a lost election. at the end of the day there are issues. there are things that are right and there are things that are wrong. president obama's tax hikes would need to crucify small businesses in this country like along with obamacare, it is a crushing blow to the ethereal spirit and the...
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two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few working days left when congress comes back from this thanksgiving break. >> remember what happened. t.a.r.p.? they didn't approve it. went home for the holidays, got criticized, came back and approved it. >> you see some stort of stopgap that averts the immediate tax hikes an spending cuts as of january 1, and that there is then some commitment to do a broader tax reform in 2013. >> correct. >> and that might be tied to raising of the debt ceiling. might'nt it. >> i think that's the next big date, mid-february when the treasury runs out of money, the debt ceiling is hit.
two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few...
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i don't think john boehner is sitting there, nancy pelosi is on the other end going no tax increases for the rich. i don't. lori: is creating another sequester. >> just wish it out a little bit? melissa: bigger, batter. -- badder. >> if they kick it down the road, to the tax rates stay in place? lori: that wasn't addressed. we need to exhale, lest the new congress come in and just -- >> the new congress is a lot like the old congress. lori: give policymakers a break because we're still so he did. >> the last downgrade did not matter much. this downgrade could, who knows, but i am saying we can n could o longer have a split rating the u.s. would be below aaa, and that hits the initial contract operate differently. world market might become a little bit more unglued. i will say this, based on that list what we heard late last week summerlike compromisers can make it do feel that bowles and simpson are in the middle of that. they're about compromise, it cutting a deal in getting through this. so we will see. melissa: charlie gasparino, thank you so much. >> can only give you what i'm ge
i don't think john boehner is sitting there, nancy pelosi is on the other end going no tax increases for the rich. i don't. lori: is creating another sequester. >> just wish it out a little bit? melissa: bigger, batter. -- badder. >> if they kick it down the road, to the tax rates stay in place? lori: that wasn't addressed. we need to exhale, lest the new congress come in and just -- >> the new congress is a lot like the old congress. lori: give policymakers a break because...
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we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better way to go. >> the run ideas past few that have been floating around the hill raising that trigger in terms of higher taxes for those earning a million dollars a year or $500,000 per year. how will that play? how will that play in the democratic caucus? >> people will consider various options. make sure we boost job growth and make sure we put us on a path to long-term sustainable deficit reduction. the issue is what is the revenue to cut? look at the simpson-bowles plan. look at the overall framework. look at the revenue component of how t
we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better...
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>> this is up to john boehner. it is up to the house republicans. the tea party caucus which is talking about the tax reform and really cutting spending, they are the only people that stand between us. dagen: give it up because you will lose either way. >> i will tell you something, if the republicans can do neither of those two things, if they cannot handle either of those core principles, they have no reason of being filled key parties of america. dagen: hello. that is your headline. connell: our next guest says much of this has to do with iran. k.t. mcfarland. the stock market is off to the races. seemingly unbothered by what is going on overseas. >> this is not the typical thing. this is different. this is potentially much bigger and much worse. it is all about iran. israel school and this is to take out the 10,000 missiles that are in gaza. that are capable of reaching jerusalem and tel aviv. in six months from now, they want the option to be able to have a strike and not have to have retaliation. dagen: at what point will israel or would israe
>> this is up to john boehner. it is up to the house republicans. the tea party caucus which is talking about the tax reform and really cutting spending, they are the only people that stand between us. dagen: give it up because you will lose either way. >> i will tell you something, if the republicans can do neither of those two things, if they cannot handle either of those core principles, they have no reason of being filled key parties of america. dagen: hello. that is your...
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. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a responsibility tot go and get as much as they can but not kill the golden goose, but the management whether it's general motors or whether it's hostess has a responsibility to not sign contracts and make promises they can't afford. i think it was a badly managed company. stuart: interesting. interesting. next case, black friday, one of wal-mart's biggest days of the year, now wal-mart is facing an employee uprising of sorts. a group that wants to unionize is trying to lead a protest against wal-mart on black friday, big day for retailers, day after thanksgiving. >> i think they had something to do with killing tw
. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a...
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john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion dollar deficits sthao based on your experience in working with president obama is he willing to go for significant tax reform, change the whole problem? that would be historical. >> we will not get out of this mess without growing this economy, and the only way to do that is to have structural reform and tax reform. this isn't something that republicans have sat back on. we have passed legislation already that sets up the framework to have tax ry reform. we've passed it to take away the sequestration that he says in the debate will not happen. bee have already passed that in the ho
john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion...
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taxes increased and republicans know they'll get blamed for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins in politics who give the voice don't show any contrast. don't rock the boat. so by the third debate, i'm pretty certain mitt romney actually french kissed barack obama. >> okay, let's put aside that image. >> yes. >> this suggests that, you know, these are the manndarins of politics, don't show any contrast, don't rock the boat,s so you have the ted cruzs of the world coming in and the boehners saying we node to caught deal on this, reform on immigration, talk about gay marriage. we need a reformation within the party. is that what the base of the party wants? and if they don't want that, if ted cruz is the voice for tha
taxes increased and republicans know they'll get blamed for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins...
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. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax increases and spending cuts. paul ryan will continue to head up the house budget committee and john boehner expects him to help as the two parties try to come to a compromise that would stave off the fiscal cliff generate revenue and reduce the deficit. the hope is that ryan can help bring around fellow conservatives. as senator patty murray points out to the "new york times," ryan will have to be willing to listen and compromise if he's going to stick to his former budget proposals, it will be a long winter. americans just voted against paul's vision for our nation. paul ryan's vision for our nation. house minority leader nancy
. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax...
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. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >> and in a press conference he just did, the president seemed to -- >> one of my colleagues from where this enemies i missed it, they did pass their blackberry over commission to show show me that since. so, you know, clearly is showing flexibility which i think is important. clear the republicans in the house have to, to. >> this will be a congress where you think by the end of this year hopefully sort out the fiscal cliff. are you confident of that? >> i think will have to sort it out part of it and sorted under clinton afford. i do think every key will be crossed and every eye will be guided by the something's we should be done at the end of the year. there's doc
. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >> and in a press conference he just did, the...
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all. >> the president made it clear in his campaign that there are not enough resources. what you described is a formula and a blueprint for hampering a future. you cannot go forward -- you have to cut some investments. if you cut too many, you are hampering growth, you are hampering education and investments in the future. >> even thousands of miles away it appears president obama is still focused on negotiations. while touring a royal monastery with secretary of state clinton the president was overheard mentioning the budget talks to a monk. the president later clarified his comments at a news conference. >> i always believe in prayer. i believe in prayer when i go to church back home and if a buddhist monk is wishing me well, i'm going to take whatever good vibes he can give me to try to deal w
that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all. >> the president made it clear in his campaign that there are not enough resources. what you described is a formula and a blueprint for hampering a future. you cannot go...
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. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in the future. >> you can raise taxes with one congress. but it takes five congresses to cut spending. >> it's important to keep the focus on growth. not taxes, not spending cuts. you know, the goal here is to get our growth from, you know, one plus percent, up to three and four percent. if we don't get growth going, none of this will matter at all. it's really important as the president frames this that he frames it as growth, and therefore i need this tax increase for these people. this kind of spending cuts here. because it will leverage this kind of growth. >> but that's n
. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in...
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vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the hen house. you have secured personnel responsible for security management. those should be different people than the people who have just general system administration functions. in general when you get into a very trusted organization many times this person could be one and the same. then you have contingency planning or disaster recovery. this deals with if something does happen, and a natural disaster or a man-made disaster or an attack, can you get back up if your system crashes? you have redundancy behind it? is it running in parallel with your current system, a hot backup so it ultimately goes over -
vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the...
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before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we made clear to republican leaders where we are not going to
before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the...
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end of the day, it will be the conversation that happens between president obama, house speaker john boehner, senate majority leader harry reid, and a lot of their colleagues and people from the business community need to tell them and put the pressure on them to say this is serious and we're getting to the 11th hour. host: both of you were asking questions of the governor about whether the dynamics have changed and whether or not this was essentially a status "election. what is the consensus on that question? >> president obama did win a second term in a fairly strong fashion. it was suggest the president has an upper hand. at the same time, when you look at what actually happened to the make up the federal government, not a lot has been changed. democrats picked up a couple seats but the house is still run by the republicans and democrats have a slim margin in the senate. in terms of the big pieces, there is more of the same. host: what leverage does he have? >> he was explicit on the campaign trail on what he was running on. he wants to see the wealthiest contribute more in terms of helpi
end of the day, it will be the conversation that happens between president obama, house speaker john boehner, senate majority leader harry reid, and a lot of their colleagues and people from the business community need to tell them and put the pressure on them to say this is serious and we're getting to the 11th hour. host: both of you were asking questions of the governor about whether the dynamics have changed and whether or not this was essentially a status "election. what is the...
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little better lately breaks down, everything is dysf
president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying...
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i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your ind
i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a...
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speaker boehner is right, the congress will no longer talk about repealing the law. i think if congress we will see pb cans raising portions of the law they think are controversial or may be able to attract democratic votes and peel back smaller pieces of the health reform law. >> what's your best guess that the the states will adhere to the deadline. mid december ito make their attentions known. >> i think it is important to note the health reform law, people have to select plans beginning in ok of next year and the plans go live in the year following. there's not a lot of time between now and then. states want to run their state exchanges we will know by december which ones are ready and which aren't. >>> ahead, getting to the truth about ben benz. a house member who grilled general petraeus on captiol hill joins us in just a moment. yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. ♪ [ male announcer ] this is karen and jeremiah. they don't know
speaker boehner is right, the congress will no longer talk about repealing the law. i think if congress we will see pb cans raising portions of the law they think are controversial or may be able to attract democratic votes and peel back smaller pieces of the health reform law. >> what's your best guess that the the states will adhere to the deadline. mid december ito make their attentions known. >> i think it is important to note the health reform law, people have to select plans...
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you know, mitch mcconnell has to worry about a primary collage in 2014, and boehner has to worry about a leadership challenge from the right so there's certainly a primp on what they can do. that said, the incentives have changed, and you saw chris christie's incentive changed, and there's, you know, the fiscal cliff creates different incentives, and i think the end of -- the end of that one term goal means that different republicans will start to have different incentives which means that on immigration, perhaps on a long term deficit deal, there will be avenues for potential cooperation. whether, you know, whether it takes, you know, more ass kickings or a real statesman to lead the republicans towards a different future, i think that depends on what happens over the next few years. >> i mean, i would add that, you know, there's a real brulalty to sitting in washington, that was just breathtaking to me. as a relative outsider, going into the mill and the buzz saw of the political apparatus in washington, and i think that, you know, it's bipartisan horribleness. it's not just republic
you know, mitch mcconnell has to worry about a primary collage in 2014, and boehner has to worry about a leadership challenge from the right so there's certainly a primp on what they can do. that said, the incentives have changed, and you saw chris christie's incentive changed, and there's, you know, the fiscal cliff creates different incentives, and i think the end of -- the end of that one term goal means that different republicans will start to have different incentives which means that on...
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that indicates some willingness to negotiate on things including entitlements and use of speaker john boehner say he does not want to raise tax rates but he is open to additional revenues. that is the sights and sounds of leaders beginning to show some flexibility. >> we heard a number of republican governors at the rga in last vegas this week set -- suggests that republican members of congress may have to be open to tax increases for the wealthy. there is there a reasonable deal that can be made? guest: many republicans have signaled a willingness to look at new revenues on the table. many of those have been ambiguous as to exactly what form that would take. some of that discussion has focused on whether there should be an increase in the rate for so-called wealthy americans. others have talked more about getting additional revenues through capping deduction exemptions, credits, exclusions and the like. it is not clear what form this additional revenue will take but it is noteworthy that some republicans and even some significant conservative commentators have said yes, some additional reven
that indicates some willingness to negotiate on things including entitlements and use of speaker john boehner say he does not want to raise tax rates but he is open to additional revenues. that is the sights and sounds of leaders beginning to show some flexibility. >> we heard a number of republican governors at the rga in last vegas this week set -- suggests that republican members of congress may have to be open to tax increases for the wealthy. there is there a reasonable deal that can...
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that's what speaker john boehner talked about, constructive, but there's also a lot of urgency. now, nancy pelosi, we have a lot more of this interview, a fascinating interview, told me she thought they could work out this deal in mid-december. i asked her, of course, look, we've heard optimism before and this went nowhere. but there is that urgency now. americans are sick of this. this is the second time around. >> and so overnight we saw -- we saw this video of david petraeus' alleged mistress, paula broadwell, his biographer walking with her husband. it's the first time we've seen the two of them since this scandal broke. so let me ask you about the petraeus affair, which i know you've been following so closely. where does this go now? what in your view is likely to be the next shoe to drop? >> well, i think what we've learned this week is this is not over. i think a week ago when we heard david petraeus say he was resigning because he had an extramarital affair, we thought it might go away. but every day it seems like there's something new. they're now looking through those
that's what speaker john boehner talked about, constructive, but there's also a lot of urgency. now, nancy pelosi, we have a lot more of this interview, a fascinating interview, told me she thought they could work out this deal in mid-december. i asked her, of course, look, we've heard optimism before and this went nowhere. but there is that urgency now. americans are sick of this. this is the second time around. >> and so overnight we saw -- we saw this video of david petraeus' alleged...